Earnings Per Common Share

12 Months Ended

Dec. 31, 2015

Earnings Per Common Share [Abstract]

EARNINGS PER COMMON SHARE

Note 13.

Earnings Per Common Share

(Share amounts in thousands)

The following table sets forth the computation of basic and diluted earnings per common share for the three years ended December 31:

		2015		2014		2013
Numerator for basic and diluted earnings per common share -
(Loss) income available to common stockholders:
Net (loss) income	$	(44,445)	$	25,656	$	29,290
Denominator:
Weighted average shares outstanding		10,254		10,225		10,175
Denominator for basic earnings per common share		10,254		10,225		10,175
Effect of dilutive securities:
Employee stock options		-		6		11
Other stock compensation plans		-		101		74
Dilutive potential common shares		-		107		85
Denominator for diluted earnings per common share - adjusted weighted average shares outstanding and assumed conversions		10,254		10,332		10,260
Basic (loss) earnings per common share	$	(4.33)	$	2.51	$	2.88
Diluted (loss) earnings per common share	$	(4.33)	$	2.48	$	2.85
Dividends paid per common share	$	0.16	$	0.13	$	0.12

There were approximately 75 antidilutive shares in 2015 and no antidilutive shares in 2014 or 2013.